Presented below is information related to the sole proprietorship of Kurt Cooper,
attorney.Legal service revenue—2022 ...........$360,000
Total expenses—2022 ........................................211,000
Assets, January 1, 2022 ........................................85,000
Liabilities, January 1, 2022 ..................................62,000
Assets, December 31, 2022 .............................168,000
Liabilities, December 31, 2022 ..........................70,000
Drawings—2022 ..........................................................?

Instructions
Prepare the 2022 owner’s equity statement for Kurt Cooper’s legal practice.